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Fairmont Montebello Changes Hands | Ottawa News
Description
The Fairmont Château Montebello, a historic Canadian icon, is set to change hands as Westmont Hospitality Group, a powerhouse with over a thousand hotels, wins the bid. Originally owned by China Evergrande, the property hit the market in 2024 amid Evergrande’s financial collapse. A local team led by Ottawa Senators owner Michael Andlauer nearly pulled it off but fell short. PricewaterhouseCoopers chose Westmont’s bid as the best overall deal, even though another bidder offered more cash — but with a management compromise that didn’t work. The sale awaits final court approval in August, but the Château will keep its Fairmont name and current management team.
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